APG vs. TT: APi Group vs. Trane Technologies Stock Comparison

November 11, 2026

How do APi Group (APG) and Trane Technologies (TT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Trane Technologies (TT) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while TT is classified in Building Products.

Trane Technologies (TT) has more than two decades of public-market history since March 17, 1980, whereas APi Group (APG) listed on April 29, 2020 and has a much shorter record to draw on.

Company profile comparison for APi Group (APG) and Trane Technologies (TT)
Profile Item	APG	TT
Name	APi Group Corporation Common Stock	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Building Products
GICS Sub-Industry	Construction & Engineering	Building Products
Market Capitalization	17.38 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 29, 2020	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APG

GSPC

APi Group (APG) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Trane Technologies (TT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Total Return (1Y)	17.89%	-2.56%
Total Return (3Y, Annualized)	33.17%	25.06%
Total Return (5Y, Annualized)	23.35%	18.70%

Risk Profile

Drawdown History

APG

GSPC

APi Group (APG) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Volatility (1Y, Annualized)	32.45%	30.26%
Beta (5Y)	1.59	1.18
Max Drawdown (5Y)	-49.62%	-39.76%
Avg. Volume (3M)	3.19M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

APG and TT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Sharpe Ratio (1Y)	0.42	-0.23
Sortino Ratio (1Y)	0.61	-0.31

Profitability

ROE (TTM)

Trane Technologies (TT) at 36.94% sits in the top ROE quartile, while APi Group (APG) at 10.85% is closer to the peer norm — stronger capital efficiency for TT.

APG

Capital Goods industry group

10.85%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
APG: 10.85%
Q1: 4.08%
Min: -17.12%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

APi Group (APG) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Trane Technologies (TT) at 13.56% retains a top-quartile share of revenue as profit, ahead of APi Group (APG) at 4.12%, which keeps about the industry-typical share.

APG

Capital Goods industry group

4.12%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
APG: 4.12%
Q1: 1.40%
Min: -12.89%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

APi Group (APG) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Trane Technologies (TT) at 19.85% operates in the top operating margin quartile, ahead of APi Group (APG) at 9.28%, which runs around its industry’s norm.

APG

Capital Goods industry group

9.28%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
APG: 9.28%
Q1: 5.14%
Min: -12.63%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

APi Group (APG) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
ROE (TTM)	10.85%	36.94%
ROA (TTM)	5.20%	11.42%
Net Margin (TTM)	4.12%	13.56%
Operating Margin (TTM)	9.28%	19.85%
Gross Margin (TTM)	31.11%	34.99%

Growth

Revenue Growth

Both APi Group (APG) at 12.72% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

APi Group (APG) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Trane Technologies (TT) reports EPS growth of 15.48%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

APi Group (APG) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Revenue Growth (YoY)	12.72%	7.48%
Revenue Growth (3Y CAGR)	6.45%	10.06%
EPS Growth (YoY)	--	15.48%
EPS Growth (3Y CAGR)	--	20.17%

Financial Strength

Current Ratio (MRQ)

Both APi Group (APG) at 1.18 and Trane Technologies (TT) at 1.12 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

APG

Capital Goods industry group

1.18

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
APG: 1.18
Min: 0.36

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

APi Group (APG) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Trane Technologies (TT) at 0.46 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

APG

Capital Goods industry group

1.12

Max: 2.33
Q3: 1.12
APG: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

APi Group (APG) vs. Trane Technologies (TT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Current Ratio (MRQ)	1.18	1.12
Debt / Equity (MRQ)	1.12	0.46
Net Debt / EBITDA	3.05	0.66

Dividends

Dividend Yield (TTM)

APi Group (APG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Trane Technologies (TT) reports a yield of 1.04%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

APi Group (APG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Trane Technologies (TT) reports a payout of 28.42%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
Dividend Yield (TTM)	0.00%	1.04%
Dividend Payout Ratio (TTM)	0.00%	28.42%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Trane Technologies (TT) trades at 27.92 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03
APG: --

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

APi Group (APG) vs. Trane Technologies (TT): APG does not report P/E ratio, so it has no value marker; TT is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

APi Group (APG) at 1.95 is priced about in line with its industry on P/S ratio, while Trane Technologies (TT) at 3.79 sits in the pricier quartile — TT costs more per dollar of sales.

APG

Capital Goods industry group

1.95

Max: 7.54
Q3: 3.76
Median: 2.15
APG: 1.95
Q1: 1.03
Min: 0.03

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

APi Group (APG) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both APi Group (APG) at 5.01 and Trane Technologies (TT) at 9.66 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

APG

Capital Goods industry group

5.01

Max: 9.66
APG: 5.01
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

TT

Capital Goods industry group

9.66

TT: 9.66
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

APi Group (APG) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Trane Technologies (TT)
Metric	APG	TT
P/E Ratio (TTM)	--	27.92
P/S Ratio (TTM)	1.95	3.79
P/B Ratio (MRQ)	5.01	9.66
Free Cash Flow Yield (TTM)	3.54%	3.94%